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Indiaexportnews.com

EU and Japan expect political agreement on free-trade accord

  17.07.2017    

Japan and the European Union are close to reaching political approval on a free-trade agreement that could pave the way for levies on exports of Japanese auto parts and cars to be scrapped and potentially grant Europe tariff-free access for its farm products.
"We hope to announce on Thursday that we have a political agreement," EU Trade Commissioner Cecilia Malmstrom told reporters in Madrid, reported Bloomberg.
Prime Minister Shinzo Abe is seeking to establish Japan as a leader in global trade after US President Donald Trump pulled out of a pan-Asian commerce agreement in January, underscoring his "America First" policy.
Mr Abe, European Commission President Jean-Claude Juncker and EU President Donald Tusk are expected to announce the accord in Brussels, according to Ms Malmstrom.



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